Analysts See 25% Decline in Rocket as an Ideal Buying Opportunity
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Merger Impact on Stock: Rocket Companies, Inc. (RKT) stock is facing pressure post-merger with Mr. Cooper Group Inc. (COOP), with a 15% drop since the deal closed, as investors assess cost synergies against a slowdown in mortgage origination.
Analyst Outlook: BTIG analyst Eric Hagen maintains a Buy rating on RKT, citing an attractive entry point after a 25% decline from its September high, and anticipates that lower interest rates could stabilize earnings and increase loan volume.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
